Not yet Statement 1-IFRS 16 paragraph 100 provides that the seller-lessee shall measure the right of use asset arising from the leaseback at the proportion of the previous carrying amount of the asset that relates to the right of use transferred to the buyer-lessor. Statement 2- IFRS 16 paragraph 100 provides that the gain or loss that pertains to the right retained by the seller-lessee is not recognized. Select one: O Only statement is correct O Both statements are corroct O Only statement 2 is correct O Both statements are incorrect
Not yet Statement 1-IFRS 16 paragraph 100 provides that the seller-lessee shall measure the right of use asset arising from the leaseback at the proportion of the previous carrying amount of the asset that relates to the right of use transferred to the buyer-lessor. Statement 2- IFRS 16 paragraph 100 provides that the gain or loss that pertains to the right retained by the seller-lessee is not recognized. Select one: O Only statement is correct O Both statements are corroct O Only statement 2 is correct O Both statements are incorrect
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Not yet
Statement 1-IFRS 16 paragraph 100 provides that the
seller-lessee shall measure the right of use asset arising
from the leaseback at the proportion of the previous
carrying amount of the asset that relates to the right of
use transferred to the buyer-lessor.
Statement 2- IFRS 16 paragraph 100 provides that the
gain or loss that pertains to the right retained by the
seller-lessee is not recognized.
Select one:
O Only statement is correct
O
Both statements are corroct
O
Only statement 2 is correct
O Both statements are incorrect](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe501cd16-1e81-4ab1-b94d-9a44576cdb0e%2F16bb04e6-6660-4af9-9a36-02826e7ba714%2Fyzy1c5j_processed.png&w=3840&q=75)
Transcribed Image Text:Not yet
Statement 1-IFRS 16 paragraph 100 provides that the
seller-lessee shall measure the right of use asset arising
from the leaseback at the proportion of the previous
carrying amount of the asset that relates to the right of
use transferred to the buyer-lessor.
Statement 2- IFRS 16 paragraph 100 provides that the
gain or loss that pertains to the right retained by the
seller-lessee is not recognized.
Select one:
O Only statement is correct
O
Both statements are corroct
O
Only statement 2 is correct
O Both statements are incorrect
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